Question
According to the provisional payroll data of ESIC ,19.88
lakh new employees have been added in the month of July, 2023 out of which _________are the total number of employees up to the age group of 25 years.Solution
According to the provisional payroll data of ESIC ,19.88 lakh new employees have been added in the month of July, 2023.   Around 27,870 new establishments have been registered and brought under the social security umbrella of the Employees’ State Insurance Corporation in the month of July, 2023, thus ensuring more coverage.Data reveals that more jobs have been generated for the youth of the nation as out of the total 19.88 lakh employees added during the month, 9.54 lakh employees up to the age group of 25 years constitute the majority of new registrations which is 47.9 % of the total employees.  Gender-wise analysis of payroll data indicates that net enrolment of female members has been 3.82 lakh in July, 2023.
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate= 40%
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